Global Finance Names the World’s Safest Banks 2013 in Asia

World's Safest Banks 2013

New York, August 26, 2013 - Global Finance magazine has named the Safest Banks in Asia in an exclusive survey to be published in the October 2013 issue. Winners were selected through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch—and total assets of the 500 largest banks worldwide.

Singaporean banks banks dominate the list once again this year, taking the top three positions, and South Korean banks also perform well, with three in the top ten.

The full report evaluates the safest banks in Western Europe, Central and Eastern Europe, Asia, the Middle East, North America, Latin America and Australasia.

“Bank counterparty assessment has become an intrinsic part of the job of a CFO and treasurer,” says Global Finance publisher Joseph D. Giarraputo. “ Global Finance ’s Safest Banks ranking provides an objective tool for benchmarking and analysis of regional banks.”

Rank Group Name Country
1 DBS Bank Singapore
2 Oversea-Chinese Banking Corp Singapore
3 United Overseas Bank Singapore
4 Hang Seng Bank Hong Kong
5 China Development Bank China
6 Agricultural Development Bank of China China
7 Korea Finance Corporation South Korea
8 Industrial Bank of Korea South Korea
9 Korea Development Bank South Korea
10 Bank of Taiwan Taiwan

Ratings current as of July 30, 2013